Compare 2008 Ford Five Hundred Insurance Rates

Looking for better insurance rates for your Ford Five Hundred? Searching for discount insurance can seem to be challenging for vehicle owners not familiar with comparing rates over the internet. With literally dozens of companies, how can drivers effectively compare every company to locate lower insurance premiums?

How to get insurance coverage quotes

To get cheap insurance quotes, there a variety of ways to compare prices from many different insurance companies. The simplest method to find the lowest 2008 Ford Five Hundred rates consists of obtaining rate quotes online. This can be accomplished in a couple of different ways.

The recommended way consumers can analyze rates would be an industry-wide quote request form (click to open form in new window). This form saves time by eliminating separate quotation requests for every prospective company. A single, simple form will return quotes from multiple companies. Recommended for those who want to invest the least amount of time.

A harder way to compare prices is going to each company website and repeat the quote process. For instance, we’ll pretend you want to view quotes from Progressive, 21st Century and American Family. To find out each rate you need to navigate to each company’s site and repeatedly type in your coverage information, which can get rather old.

For a list of links to companies insuring cars in your area, click here.

How you compare quotes is your choice, just ensure you’re using equivalent quote information with each company. If you are comparing differing limits it will be impossible to get a fair rate comparison. Just a small difference in coverage limits could throw off the whole comparison. And when comparing insurance coverage rates, know that more quotes gives you a better chance of getting the best price.

Insurance coverage policy discounts you can’t miss

Some companies don’t always list every policy discount in an easy-to-find place, so we took the time to find some of the more common as well as some of the hidden savings tricks you should be using when you buy insurance online.

• Own a Home – Being a homeowner can get you a discount due to the fact that maintaining a home requires a higher level of personal finance.
• Fewer Miles Equal More Savings – Low annual miles could earn substantially lower premium rates.
• Savings for New Vehicles – Buying a new car instead of a used car can get you a discount due to better safety requirements for newer vehicles.
• Federal Government Employee – Active or former government employment could provide a small rate reduction for Five Hundred coverage but check with your company.
• Accident Free – Claim-free drivers pay less when compared with drivers with a long claim history.
• Use Seat Belts – Using a seat belt and requiring all passengers to buckle up before driving may be able to save a few bucks off the PIP or medical payment premium.
• Safety Course Discount – Taking time to complete a course teaching defensive driver skills could earn you a small percentage discount if you qualify.
• Military Deployment Discount – Being deployed with a military unit may lower your rates slightly.

A little disclaimer on discounts, most of the big mark downs will not be given to your bottom line cost. Some only apply to the cost of specific coverages such as collision or personal injury protection. Despite the fact that it seems like you would end up receiving a 100% discount, companies wouldn’t make money that way. Any qualifying discounts will definitely lower your overall bill.

Some of the larger companies that may offer policyholders some of the above discounts include:

• AAA
• Progressive
• State Farm
• Esurance
• Nationwide

If you are trying to find cheaper insurance quotes, ask every prospective company which discounts you may be entitled to. Discounts may not apply to policyholders in your area. To choose companies who offer free insurance coverage quotes, click this link.

Insurance agents can help

When it comes to buying coverage for your personal vehicles, there really is not a “best” method to buy coverage. Everyone’s situation is unique.

For example, these questions may help you determine whether you may require specific advice.

• When can my company non-renew my policy?
• Does liability extend to a camper or trailer?
• Does my policy pay for OEM or aftermarket parts?
• Where can I get insurance after a DUI in my state?
• What if I don’t agree with a claim settlement offer?
• Why is insurance for a teen driver so high?
• Do I need roadside assistance coverage?
• What exactly is covered by my policy?
• At what point should I drop full coverage?

If it’s difficult to answer those questions then you might want to talk to an agent. To find an agent in your area, simply complete this short form.

Five tips to get lower-cost insurance prices

Many things are part of the calculation when quoting car insurance. Most are fairly basic such as your driving history, although others are less obvious like your continuous coverage or how financially stable you are.It’s important that you understand some of the things that aid in calculating your insurance coverage rates. When consumers understand what controls the rates you pay, this empowers consumers to make smart changes that may reward you with lower insurance coverage prices.

The list below includes some of the major factors insurance coverage companies consider when setting rates.

• Premiums impacted by vehicle usage – The higher the miles on your Ford each year the higher the price you pay to insure it. Many insurance companies price each vehicle’s coverage based on their usage. Cars and trucks left parked in the garage get more affordable rates than cars that get driven a lot. Make sure your policy reflects the correct usage. An improperly rated Five Hundred is just wasting money.
• Gals tend to take less risk – Statistics have proven that men are more aggressive behind the wheel. However, don’t assume that females are better at driving than males. Males and females cause at-fault accidents in similar percentages, but the males tend to have higher claims. Men also tend to receive more major tickets like reckless driving and DUI.
• Cheaper premiums using alarm systems – Driving a car that has a built-in theft deterrent system can save you a little every year. Theft deterrent systems like vehicle immobilizer systems, OnStar, and tracking devices like LoJack all help prevent car theft and help bring rates down.
• Cars with good safety ratings lower rates – Safer cars cost less to insure. Highly rated vehicles protect occupants better and any reduction in injury severity means less claims paid and thus lower rates.
• Drivers with high credit save – Having a bad credit rating factor in determining what you pay. Consumers who have very good credit scores tend to be better drivers and file fewer claims than those with poor credit. So if your credit rating is lower than you’d like, you could save money insuring your 2008 Ford Five Hundred by spending a little time repairing your credit.

Auto insurance coverages

Knowing the specifics of auto insurance can help you determine the best coverages and the correct deductibles and limits. Policy terminology can be difficult to understand and even agents have difficulty translating policy wording.

Uninsured and underinsured coverage – Your UM/UIM coverage protects you and your vehicle when other motorists either are underinsured or have no liability coverage at all. Covered claims include injuries to you and your family and also any damage incurred to your Ford Five Hundred.

Because many people carry very low liability coverage limits, their liability coverage can quickly be exhausted. This is the reason having UM/UIM coverage is very important.

Collision coverage – This pays for damage to your Five Hundred caused by collision with a stationary object or other vehicle. A deductible applies and the rest of the damage will be paid by collision coverage.

Collision insurance covers claims like colliding with a tree, colliding with another moving vehicle, backing into a parked car and sideswiping another vehicle. This coverage can be expensive, so consider dropping it from vehicles that are 8 years or older. You can also bump up the deductible to get cheaper collision coverage.

Comprehensive coverages – Comprehensive insurance pays to fix your vehicle from damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive can pay for things like damage from a tornado or hurricane, falling objects and hail damage. The maximum payout your auto insurance company will pay is the actual cash value, so if the vehicle is not worth much it’s probably time to drop comprehensive insurance.

Coverage for medical payments – Personal Injury Protection (PIP) and medical payments coverage provide coverage for bills such as pain medications, surgery, funeral costs, EMT expenses and rehabilitation expenses. They are often used to fill the gap from your health insurance policy or if there is no health insurance coverage. It covers you and your occupants and also covers getting struck while a pedestrian. Personal injury protection coverage is not an option in every state but can be used in place of medical payments coverage

Liability insurance – Liability coverage will cover injuries or damage you cause to other’s property or people that is your fault. It protects YOU from claims by other people, and does not provide coverage for damage to your own property or vehicle.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. You might see policy limits of 25/50/25 which stand for $25,000 in coverage for each person’s injuries, $50,000 for the entire accident, and $25,000 of coverage for damaged propery.

Liability coverage protects against things like structural damage, court costs and attorney fees. How much liability coverage do you need? That is your choice, but consider buying as large an amount as possible.

Be Smart and Buy Smart

Lower-priced auto insurance can be purchased online in addition to many insurance agents, and you need to price shop both in order to have the best chance of saving money. Some auto insurance companies do not provide rates over the internet and usually these regional carriers only sell coverage through local independent agencies.

Consumers change insurance companies for many reasons like not issuing a premium refund, high rates after DUI convictions, unfair underwriting practices or even policy non-renewal. Regardless of your reason, choosing a new insurance company is not as difficult as it may seem.

When buying insurance coverage, don’t be tempted to buy less coverage just to save a little money. There are a lot of situations where consumers will sacrifice comprehensive coverage or liability limits and found out when filing a claim that the few dollars in savings costed them thousands. The proper strategy is to find the BEST coverage at an affordable rate while not skimping on critical coverages.

Additional auto insurance information is located at the links below

• How do I File a Claim? (Insurance Information Insitute)
• Auto Insurance FAQ (Farmers Insurance)
• Child Safety Seats (Insurance Information Insitute)
• Older Drivers FAQ (iihs.org)